Baidu AI Chip Arm Eyes $14.6 Billion Hong Kong IPO - Baidu (NASDAQ:BIDU)
The chip unit is also advancing a mainland listing as Beijing encourages semiconductor investment and tech self-reliance.
6 Articles
6 Articles
Baidu AI Chip Arm Eyes $14.6 Billion Hong Kong IPO - Baidu (NASDAQ:BIDU)
Baidu, Inc. (NASDAQ:BIDU) shares climbed during Friday's premarket session after fresh developments involving its AI chip subsidiary surfaced. Investors reacted after reports suggested Kunlunxin could target a valuation exceeding 100 billion yuan during a Hong Kong listing process, according to people familiar with the matter, as the South China Morning Post reports. Targets Massive $14.7 Billion Valuation Kunlunxin reportedly continues preparat…
Baidu Shares Jump as AI Chip Unit Kunlunxin Pushes Dual IPO Plan
Kunlunxin, Baidu’s AI chip unit, has started the process for a Shanghai STAR Market IPO while maintaining plans for a Hong Kong listing. Baidu’s Hong Kong shares rose 5.75% after the news. The move comes as Chinese investors seek domestic AI chipmakers amid U.S. export curbs. Kunlunxin signed a pre-IPO tutoring agreement with China International Capital Corp on April 29. The post Baidu Shares Jump as AI Chip Unit Kunlunxin Pushes Dual IPO Plan a…
Kunlun Core Initiates Sci-Tech Innovation Board Counseling, Proceeds with Hong Kong IPO as Planned
Kunlun Core has disclosed information on its counseling filing for listing on the Sci-Tech Innovation Board to the Beijing Securities Regulatory Bureau. According to sources, Kunlun Core is continuing with the normal progression of its Hong Kong IPO. It has become a common industry practice for tech companies to simultaneously advance A-share counseling filings before and after their Hong Kong IPO. Previously, companies like Zhipu AI and Biren T…
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